#bitcoin MVRV is around 2 — what does that mean?
MVRV Ratio shows how much $BTC current market value is above its average on-chain purchase price. It helps figure out if the market is overpriced or undervalued.
What the chart tells us:
We're not near the high MVRV levels (3.5–5) where the market usually gets too hot.
In 2025, the ratio is in the 2–2.3 range, which is typically a neutral zone — not a peak or a low.
Big $BTC gains in the past started when MVRV was near or below 1 (accumulation phase).
On the flip side, MVRV above 3.5 often signals bull run tops followed by drops.
The market isn’t overheated, but it’s not in accumulation either. We might be entering a growth phase without the hype. It’s a good time for careful investing with a 6–12 month outlook.
